Class 8 orders drop in May
Dip not unexpected, as it heralds the beginning of the annual “summer order slump,” according to one industry analyst.
North American orders for Class 8 trucks dropped to 16,800 units for May, according to data tracked by ACT Research; a 30% decline from April, the firm noted.
While Steve Tam, ACT’s vice president, noted in a statement that May’s Class 8 order volume is the lowest in the past seven months, it is still 18% higher year-over-year when compared to May 2016. On top of that, the May’s dip corresponds to a seasonally-expected decline in orders, he stressed.
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Source:: http://fleetowner.com/equipment/class-8-orders-drop-may
